Simple interest on Rs. 2367000 for 2 years at 60% per annum is MCQ with Answer and Explanation

Question

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Simple interest on Rs. 2367000 for 2 years at 60% per annum is

A. Rs. 2840800

B. Rs. 2840600

C. Rs. 2840400

D. Rs. 2840200

Answer: Option C

Solution (By JKExamLibrary)

SI = (2367000 × 60 × 2)/100 = 2840400.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1

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In how many years will Rs. 423000 amount to Rs. 592200 at 8% simple interest?

A. 6 years

B. 7 years

C. 4 years

D. 5 years

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Correct Answer: Option D

Explanation:
SI = 169200. T = (169200 × 100)/(423000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

Question #2

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The principal giving Rs. 436800 SI in 7 years at 12%

A. Rs. 520000

B. Rs. 521000

C. Rs. 519000

D. Rs. 518000

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Correct Answer: Option A

Explanation:
P = (436800 * 100)/(12 * 7) = 520000.

This question belongs to: Maths Simple Interest

Question #3

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Simple interest on Rs. 4392000 for 2 years at 103% per annum is

A. Rs. 9047320

B. Rs. 9047720

C. Rs. 9047520

D. Rs. 9047920

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Correct Answer: Option C

Explanation:
SI = (4392000 × 103 × 2)/100 = 9047520.

This question belongs to: Maths Simple Interest

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